THE DAILY EVENING TELEGRAPH PHILADELPHIA! WEDNESDAY, OCTOBER 20, 18C9. srzxixTor tuu rxisss. BdlloHnl Oplln mt the Lending- Jaiirnala Ipaii Carrent Tplr -Compiled Krery Dar Tor the) Eienle) Telegraph. TITE CONGllKSHIONAI. 'COM THE DECAY Ol THE 'COMMITTEE OX AMERICAN MARINE frm the X. T. Time. The meeting of tho Npoc.iul Congressional Committoo on the (Way of American Cuii juorce lws adjourned tft bo reopened in IJos lon. Much information wan presented to hem by our prominont merohiuits and ship IbuilderH, as to the causes of this national misfortune, but we venture to say that not nil the Btatements of the gentlemen ex uu ined oontained half as much thorough ex planation of the inferiority of our marine, as I be letters we are publishing from n special UonuuLssioner we have detailed to the ship-aid-s of the Thames, the Tyne, and the LlyJo. TIim truth m that the condition of our ship Imilding interest is merely a symptom of a aliso;wa which is eTorywhore affiicting our )iwiuctiou. The only peculiarity about ship lin U, that there we cannot help seeing the junlndy. Mr. Wells has made it vory clear in his famous report that tho results of a heavy laiift on raw materials and of an inconverti ble cmreney, are finally to make production Ho enormously costly that where there is foreign competition, our great branches of gnnnufactura must break down, or else be lield up at an excessive cost to consumers. Jlany other important branches of industry Would be now precisely in the condition of our shipbuilding, if they were not sustained y heavy duties. But even with the help of lueso they are languishing, and the means of rvery purchaser nre cramped. His purchas ing power 'is diminished through JLe necessity of aiding to bolster up weak manufactures. The worst of this with the inconvertible currency Is that each workman must draw fcigher wages to balance the losses to which lie is subject, and thus every portion of a Saauufacturing enterprise, labor, material, machinery, and supervision, become more rontly, until our industry ceases to be able lo compete with the world's industry. In nany branches we do not see this; but in shipbuilding we are open to absolute free trade, llere there must be unchecked com petition with the world. There can be no tariff on ships, except in our coast trade. tur whole industry, with all its burdens, and cur defective currency, here must struggle on p free field with the experience, the capital Bind unfettered production of Europe. All the losses of our production appear at once in our shipbuilding and in the cost of sailing pwv vessels. The statements made before the Congres sional Committee show that our condition in the matter of the marine is even worse than lias been popularly supposed. We shall evidently sink very soon to the fctate of a fourth-rate or fifth-rate commercial power, unless some remedy be devised. The most approved cure of our evils which was Suggested to the committee was a rebate on the duties upon all the materials which enter into the construction of vessels, especially on copper, metals, and cordo.ee. Mr. A. Low expressed the general sentiment of our com annuity when he said that wo could not pro pose the entire transfer of our shipyards abroad, as would be the case if we were per mitted to build our ships and steamers to England. This is an extreme of free trade jRhich the people are not likely to adopt. Mr. Low, whose opinions are to be received wvith much respect, did not have the confi dence in the superior ability of American me- cnamos over liritisu wnicu others testineu. then become demoralized." lie doubted if We could produce such excellent ships as the English. His remarks on the uniform and tkillful encouragement of commerce by the 15ritifih Government, and the uniform neglect of it by our own, wore striking and unques tionably just. Our correspondent on the Tyne, it will be remembered, has little faith that even a rebate of duties would enable ns to build iron steamers as cheaply as the British ship builders, especially on account of the differ ence of wages between the two countries. IThis may be the obstacle. But Congress must either give our shipyards this advan tage that is, allow them free trade in iron, Copper, cordage, and lumber or see our whole foreign commercial, marine transferred to Great Britain and Germany. They must also permit , foreign-bound American vessels to enjoy the same privilege which the British Government permit to their steamers, to take the articles which are in daily use on board Buck as coffee, tea, wines, sugars, and to bacco from bond, and consume them free from duty. It is possible that when we have done all this for our ship-building interest, we shall not be able to support it in competition with the British; but at least we shall have done till in our power, until we make the final re form both in tariff and currency which shall put American production on an equality with that of the world. THE DEMOCRATIC CANDIDATE TEK- D LET ON, VALLANDIGUAM, CHASE. jF am the X. Y. Sun. The defeat of Mr. Pendleton in Ohio f ur Kiiuhes the text for a suggestive article in re gard to the next Democratic candidate for the presidency by the Louisville Courier-Jour-Vial. This sagacious organ of the "Western Democracy declares that this defeat "dis poses of Mr. Pendleton for the present as effectually as the defeat last November dis posed of Mr. Seymour." Treating Mr. Pendleton, therefore, as practically out of the list of probable nomi nees, the Courier-Journal discusses the chances of other prominent Democrats who nre from time to time brought forward as likely to lead the party in the great contest of 3.872. It speaks in the most complimentary terms of Pendleton, who is its favorite, and keenly regrets that he stepped into the shoes rhich Bosecrana would not wear, only to be Sacrificed in a useless race for the executive a hair of Ohio.. Casting furtive glances at Hoffman, who it thinks is "looming up in KW York." and Hoidiicks, whom it reoog tiizes as "the favorite of Indiana," the wary Tmimal fixes its eve upon Salmon P. Chase, Clement L. Vallandigham and Andrew the comins men of tho Western At th first iew this would seem to be an Tti-mrilinArv selection of names; but a closer inspection will show that. each of them now lias, or may soon have, a great deal of posi- A umnrrth with which to enter the lists s competitors for the next Democratic nomi malign Tf Mr. Johnson Is chosen Senator from nVnnesKee. and conducts himself with a rea- fcnimi.lA rlprree of prudence in tho Senate, he osse,08 iu Itugtf uioftsuitt tlwse. qualities of mind and character which will make him a I formidable lender of the Democratic forlorn I hope in that lody. If, however, he is beaten in liis Oenatorial canvass, lus Presidential prospects will, of course, be smothered under an impenetrable cloud. ' Mr. VAllandicharn s position is peculiar. His recent utterances, and his course during the campaign just closed in Ohio, very clearly indicate that he Is about to take a new depar ture in politics. He doubtless sees, as sen sible men do, that further attempts to evade the legitimate results of the war, iuoluding the ratification of the fifteenth amendment, are alike disingenuous and disastrous. If we mistake not, he regards the conciliatory line or policy pursued by Governor Walker in Virginia and Governor Senter in Tennessee, as the true mode by which the Democratic party is to regain its former prestige and power in the nation. He aooepts the situa tion, repudiates the revolutionary programme of journals like the World, and adopts the sagacious suggestion of the E.rprcos that it iu of no use to race with dead horses. He is for fighting the next battle on living issues, and by cordially inviting into the ranks all who desire to vote tho Democratic ticket, he would make a bold push for victory. If Mr. Yallaudigham shall proclaim suoh a liberal creed as this, and rally to his side the pro gressive Democracy of the South and the positive Democracy of the North, he may perhaps distance all competitors in the next National Convention. Strange to say, in playinc such a part Mr. Vallandigham's most conspicuous competitor might turn out to be Chief Justice Chase. To see both these distinguished statesmen standing on the same platform, and each try ing to rival the other in an attempt to control me reconstructed Democracy of the South through the negro vote, would be a singular spectacle. To see them strike hands, and labor in gQod fellowship to accomplish the same objects, and thereby secure a common benefit and defeat a common opponent, would be still more astonishing. And yet such a result is among the possibilities of the com ing two years. Politicians may bo assured that the South is to act an important part in the selection of the next Democratic candidate for the Presi dency, and it is high time that aspiring lead' ers should base their calculations upon this inevitable condition ot tilings. At all events, the recent elections have demonstrated that the Democracy must turn over a new leaf, and right speedily too, if it is to hope for victory in 1 "-!. Kegret it whoever may. politicians of the type of Tacker and Pendle ton have had their day, and no statesmen see this more clearly than Vallandigham and Chase. JUST so: From the X. Y. Tribune. 'ihe vomiuemoi (Cincinnati) closes a re view of the recent contest in Ohio and its result, as follows: 'The course of the administration stands Indorsed by the people of Ohio and Pennsylvania, and will grow in favor with tliem if it is known at the end of each (inaucial year that one hundred Millions of the public delit tins been cxtiniruiHlioil. To accomplish this is the ln'entlon or 1 lie President and hi able (Secretary, und they will work with an eye single to tn at purpose. Truer words were never spoken, and he is an unwise or an insincere friend of the ad ministration who does not lay them to heart. "When tho Copperheads were trying to defeat General Grant's election, they paraded Del mar's official calculation that the Treasury would be one hundred and fifty millions minus at the close of the fiscal year then passing. They chuckled over that prospect as though it were a new Bull Bun or Frede ricksburg. And now they would have worsted us in tho late elections but for the fact that tho debt is being steadily reduced by pur chase and payment. Stop that process to morrow, and the Government is a shorn Sam- i it .1 - nrn a a Ml son, ana goia "buns in vau street win vie with Copperheads at the polls in their anti national triumphs. The naked truth is that the great mass of our frugal, thrifty, hard-working people want the national debt paid, and that within the next generation. They do not regard it as a blessing but as a burden, which they mean to be honestly rid of. They have no faith in financial juggles; they fully understand that it is to be paid from the fruits of their labor, and they propose to wors and save on pur pose that it may be paid. Each successive monthly statement which shows that five to ten millions of the debt have been paid oft' within the preceding thirty days makes them feel as they did when they first read the news from Fort Donelson, or heard that Vicksburg had surrendered to Grant; or that Atlanta bad been abandoned to Sherman's victorious arms. "Nothing succeeds like success;" and the fact that we are paying eighty or ninety millions of the debt per annum is the best answer to those who argue that we cam never pay it. We shall have five millious less interest to pay next year than we must Eay this year, because of the principal wo ave meantime wiped out; and we must not weary in well-doing. In order to fund our debt at a lower rate of interest, we must con vince the holders and other moneyed men that our debt will surely be paid that the bonds are to become scarcer and scaroer yearly, so that their market price will ad vance; and we shall soon be able to fund the five-twenties at a lower rate of interest, and thus save twenty or thirty millions per an num. But let the payment ot tho bonds bo stopped, and we shall have tha credit of the Government falling off, the burden of the debt increased by the feeling that there is to be no end to it, and all manner of repudiating Ecnemes commended and made formidable There may be friends of the administration who unite iu the clamor for reducing and taking off taxes; but that will be a dark day xor uenerai urant wmcn sees tne taxes so re duced that we can no longer persist in a steady and rapid reduction of the debt. The wisdom of such a course would have been exactly paralleled by stopping tne augmentation of our armies in July, ltnl, and mustering out 100,000 veterans to return to their homes. If we keep on paying the debt, it will come to be generally understood that the debt is to be honestly paid. WHAT LOUD STANLEY SAYS. Frmu the X Y. TrU. Truth is mighty and will prevail. The truth about co-operation has had a hard time in coming to the front, and for years it has been kept in the background by all manner of well-intentioned fallacies, or paraded under such f antastio garbs of theories as sufficiently concealed its real character. But of lute we hove been pleased to see that the more en lightened advocates of co-operation for pro duction, in England as well as in America, have perceived a truth which we have been declaring for years, and for the advocacy of which we have perhaps incurred some re proach. That truth is that when co-operation for production takes the shape of an indus trial part ueihhip, it is tolerably certain to suc ceed; but that when an attempt is made to cany the theory of co-operation pure and simplci into practice, it is certain to result in failure. A contemporary of our own, which has been mildly insane on the subject of co-operation for many years, and wuicu not long ago de clared that "co-operation was the co il of our industrial progress," has now hud its eyes opened, and confessed, on Saturday, that while co-operation was but ' a groping, feeble yet earnest, after the light," theplau of indus trial partnerships seems "most pl.iusible aua promising," and was "simple and practica ble." And now comes Lord Stanley, than whom no man in England or America it nure worthy of attention, and pronounces (in a speech delivered at a workiugmeu's banquet in Liverpool, very much the same opinion. He praises co-operation, because it is human nature that a man should like to feel that ho is "a gainer by any extra industry he may put forth, and that he should like to havo som! sense of proprietorship in the shop or mill in which ho passes his days;" but, when he comes to describe the co-operation of which ho spoaks, ho shows that he means industrial partnerships. "The very best instances of its working, in my belief," says Lord Stanley, "are those where the men employed hold a certain number of shares in tho undertaking, the rest being hold by the owner." Such testimony as this is of the utmost importance. Wo repeat our declaration, so often before made, that industrial partnership, and not co-operation, is the "opon sesame" whereby the cavern in which the wealth of capital has boon so long locked up is to bo entered by labor, and these two great forces, hitherto forced into a suicidal opposition to oach other, united in a wedding of which the off spring shall be peace, prosperity, and happi ness. SPANISH B.VRBA1UTIES IN CUBA. From the -V. Y. Herald. Tho letter of the poor Cuban prisoners who were massacred by tho SpaniHh soldiers at Jiguani to the foreign consuls, which we pub lished on Monday, shows how these unhappy people dreaded tne tate mat betclt them. This appeal to the Consuls of England, France, Prussia, and tho United States would not have availed under any circumstaucos, probably, but could not if even tho Consuls had been disposed to interfere, for tho signers of it were dead men before any action could have been taken. Such is the brutality of the Spanish soldiers and Spanish volunteers that these unlortuuate Cuban prisoners appre bended violence or death from those who should have guarded and protected them. Their language is extremely touching and propuotic. ineir language is extremely touohing and prophetic. They say; "Wo do not fear the sentence of the authorities; wo do not tear to stand before any tribunal; we do not fear the rancorous hatred of our enemies, nor the slanders so freely cir culated agaiust us for the crime of daring to be liberals; but we have a dreadful appre hension as to what will be our fate and that of our families," and then, as if foreseeing their fate, they add: "And this apprehension is converted into a horrible fear when we call to mind our imprisonment, with the circum stances of which you arc acquainted that deed which, had its full intent been carried out, would have deprived several innocent men of their lives, men whose removal was wrapped in mv.stery like our own and this fear is converted into a terrible reality when we reflect that in n lonely region, in tho midst of a civil war, v e, accused of political offenses which have never been proved, may meet our death lrom an attack, an encounter. a simple skirmish, a mere suspicion from those having us in charge. J low surely and dread fully did these poor victims of Srtanish op pression realize the fate (key apprehended! They were murdered in ' a lonely region by the brutal guards who escorted them and should have protected them. We know of nothing more horrible in the history of civil wars. It could not have occurred in this enlightened and civilizod age with any other people than the Spaniards. It is sufficient to cause our Uovernnient and the other govern ments of the civilized world to declare the war in Cuba a barbarous one, and to insist, in the name of humanity, that it must cease. If there were a spark of courage in the Secre tary of State, or if the administration repre sented the American people on this Cuban question, such a protest would be sent to Madrid as would startle the Spanish Govern ment. Spain, in the atrocious conduct of the war iu Cuba, has placed herself beyond the pale of civilization and international comity, and should be proclaimed the enemy of humanity. WINES. R MAJESTY CHAMPAGNE. DUIJTON & LUSSON, 215 SOUTH FRONT STREET. rvilI5 ATTENTION OF THE TRADE IS 1 Bolicllod to tha oUowing very tlhoie Wineo, tto., for lit SOUTH FRONT BTRHKT. OHAMPAGNK8. Aeot for bar Majeaty. Pa 8 d Moolebello, Cart Uleue, Carl Hlanche, and Oharlea tarra'a Uraod Via Eugenia, and Vin Imperial, M. K.lee nian A (Jo., el llayaaoa. bpaxklin Moaalla and HiilAH VV J N 8. M AUKIRA8. Old Island, Sooth Bide Reaerra. SUKRKIKH. F. Rudolpba, Amontillado, Topai, Vat lirtto. Pale and Golden bar, Crown, eta. PORTS.- Vinho VeUio Real, Vallette, and Orpwn. OLARKT8 Proinia Aine A Oia., Montiarrand and Bor-deau-x, Ulareta and fSauterne Wmaa. BKANIIJli. Uanneuer. Otard. Dupoj A Oo.'ivariona vintage. QARSTAIRS & MflOALL, Ifot, 126 WALNUT and II GRANITE StraaU. Importera of BRANDIES, WINJC3. GIN. OLIVK OIL. KTO., AITD COMMISSION MERCHANTS Vor tha aala of PURE OLD RYE. WHJftAT, AND BOURBON WB16- KIKo. Il81i! p ARSTAIRS' OLIVE OIL AN INVOICE "'OARSTAIRS A MOOALL. I 89 M Boa. 186 WALN UT and 21 UR AW1TH bta. DRUGS, PAINTS, ETO. JOBERT SHOEMAKER A OO. N. E Corner FOURTH and RACE Sti. PTHI.ATlKir.PHIA. WHOLESALE DRUGGISTS. Imported and Manufacturer of White lead and Colored Painti, Putty Varnishea, Etc. AGENTS FOH THE CELEBRATED FRENCH ZINO PAINTS. Dealera and consumers applied at lowest prloot for cash. M DR. M. KLINE CAN GTHE CL'TANF.Ol'S HruptiouK, Mnrkk oil Hie Kkin, IJIcera in the throat, mouth and iium, hoi 1kh and lures of evi V cuiiceivaljla cliarartfi'. Otlire, No. i! Soulli KLKVKNTU, between (JUi'ouul aud Mmkot blioi'i.. 1 0 DRV QOODS. J Y'ONS VELVETS, MOBILITY QUALITY, RUOIl AS ARK. VHKU UTTHC i A5.i&2ccxiAcir or sudors. JU, 7 8, and 4-:. width. FINE BROOKE SHAWLS, tsnu st r i.e. LONG SHAWLS, INDIA STYLE. SQUARE SHAWLS. cm.ui:i.h II A I It NCAICr.S. FINKST LOT OP DRESS GOODS. EYRE A LANDELL, FOURTH AND ARCH, msmw PHILADELPHIA. HOOP SKIRTS. ETO. 1115. h O P K I N S' HOOr-SKIRT AND CORSET MANU FACTORY AND SALESROOMS, No. 1115 CHESNUT STREET. Our CHAMPION SKIRTSJhetter and cheaper thai all other. 19 to 60 spriuira, 95c. to 'W2o. Our Keystone Kkirts, 90 to fi apring. 609. to $1-40; New York .made Skirt, from 20 to 40 springs, 45 to 75o. R. Werley Corsets, $3W, ff 3"6i. $4'50. Beckol Corsets, from $1 to $7. ThomKonVGlove-fltting" Corset, from $3 20 to $5. Mr. Moody's patent aelf-adjnHtina; ululomin.il aapport. ice Corsets, from 3 to $7 highly recommended by pby icans, and should be examined by evoij lady. Over 40 other varieties of Corsets, from 7no. to $fl'50. Skirls and Corsets made to order, alterod and repaired. WHOLESALE AND RETAIL. 7 23 8m WILLIAM T. HOPKINS. CENT.'S FU R Nl S H IN Q C OO PS. rpiiK l-'OIuVr Ol' FASiaiOA. UENTS' I-1 KNINHIM; (STORE. MBS. MIKNIE CUS1 MINGS has opened tha above named place, at No. 119 Bcuth EIGHTH Street, where pentlemen cm find everrtblna; in Uieir line. The best fitt m SIIIRTS in the city, reidy made or mare to order. I'urcbaf era of twelve articles receive tbo thirteenth as a (!itt. UMBRELLAS TO HIKE for 25 centa. UandkcrcK iets htnmied free of oliarRO. Polite Salesladies in attendance, A call is rosvetti'ully solicited and satisfaction anteed. ? WINNIE CUM MINGS. PATENT SllOULDEK-SEAM a SHIRT MANUFACTORY, AND GENTLEMEN'S FURNISHING STORE. PERFECTLY FITTING SHIRTS AND DRAWER miide from measurement at very short notice All other at tides or GENTLEMEN'S DRE3 GOODS in rull variety. WINCHESTER CO.. 11 8 F 1 No. 71H1 CHESNUT Street. N K DRESS AND S II I R T S GENTS' NOVELTIES. J. W. SCOTT & CO., No. 814 CHESNUT Street, Philadelphia, 5 27irp Four doors below ConUnental Hotel. SILVER PLATED WARE, ETC. ESTABLISHED IN 1840. MEAD & ROBBINS, SUCCESSORS TO JOnN O. MEAD A SON, Rlnnurnctiirera of the Finest Cratle of SILVER WemakeoiirowBRoeda; deposit the Silrer accurately by weight, and Warrant each article by our Trade Mark on the base, and by written fraarantees if preferred. They are equal to the finest grades of English and French Wares, and artistic in design and elegantly ornamented. CUTLKRY. Pearl, Irory, and Rubber Cutlery in great vnriet), and unplated, in quantities as required. put N.E. Corner Ninth and Cliesnut, 101 fmw2ra PH1I.ADKLPHIA. DRAWING INSTRUMENTS, ETC. RAWING INSTRUMENTS AND Di'UAviiijr 3Xnt'inlM Of all kinds. CATALOGl'ES ON APPLICATION. JAMES W. QUEEN & CO., Siitfwfnitf No. )H CHESNUT Street, IRE GUARDS, FOR STORE FRONTS, ASYLUMS, FAC TORIES, ETC. Phtent Wire Rulilnp, Trnn Bedsteads, Ornamental Wire Work, Papcr-miikers- Wires, and every variety of Wire Work, manufactured by M. WAI.KKK SONS No. UN. SIXTUStreeU 8 Mmwi Flmuld be in ace on every 11 Bator and Ktove. It ineraasaa the lient tin j pevcfiit. and saves nearly one-half of the coal, and will aim limit a loom ubove in place ot a stove. CALL AM hl'.l'. J ti r ill at tue manuiauiory 01 O. J. DOU0HKRTT, j Ko. Lai N. MST1I Street. UILLIAM ANDERSON & CO., DEALEKP t Y in l ine Whiskies, Ho. Ui North SECOND Street. Philadelphia. TORN FAKNUM & CO., COMMISSION MER tl chants snd Manufacturers of Couenloga Ticking, ate. No. Via VUk-sn u i oureei. rtniaueipuie. i wiui. I EMPIRE BLATE MANTEL WORKS J. B FINANCIAL A RELIABLE HOME INVESTMENT. THE FIB ST MORTGAGE BONDS OP TTIR Ysfiimington and Reading Railroad, BEARING INTEIIEST At SEVEN PEE CENT, in Currency, PAYABLE ArRIL AND OCTOBER, FREE OF STATE AND UNITED STATES TAXES. Thli roa4 rnns through A. thickly popalatcd and rlcb BKrtrnltural and manufacturing district For the prceent, mt are ottering a limited amount the aoove Bonds at 85 CENTS AND INTEREST. The connection of this road with the Pennsylvania and Reading Railroads insures It a large and rerau ncrative trade. We recommend the bonds as the cheapest Urut-class Investment In the market. BANKERS AND DEALERS IN GOVERNMENTS, No. 36 SOUTH THIRD STREET, 0 4 U2 fll PHILADELPHIA. UNITED STATES BONDS BOUGHT. SOLD, AND EXCHANGED ON MOST LIBERAL TERMS. Ci O 1; I BOUGHT AND SOLD AT MARKET RATIOS. TONS CASHED. COU PACIFIC RAILK0AD BONDS BOUGHT AND SOLD. O O It H BOUGHT AND SOLD ON COMMISSION ONLY COLLECTIONS MADE ON ALL ACCESSIBLE TOINTS. DE IIaYEN & BM, No. 40 South THIRD Street, 11 PHILADELPIHA . 2i. JAzraxsoro &. co., SUCCESSORS TO KELLY P. F. CO., flankers) and Dealers la Sou, Silver, an! Governmeat Bonis, AT CLOSEST MRKET RATES, N.W. Corner THIRD and CHESNUT Sts, Special attention given to COMMISSION ORDERS In New York and Philadelphia steck Boards, eta. etc. e e tis n ELLIOTT & DUNN, BANKERS, NO. 109 SOUTH THIRD STREET, PHILADELPHIA! DRAW BILLS OP EXCHANGE ON THE UNION BANK OF LONDON. DEALERS IN ALL GOVERNMENT SEfURITIES, GOLD, BILLS, Etc Receive MONET ON DEPOSIT, allowing Interest. Execute orders for Stocks In Philadelphia, New York, Boston, and Baltimore. 4 eof QLENLINNINO, DAVIS & CO.,, KO. 48 SOUTH THIRD STREET, PHILADELPHIA. GLENDINNING, DAVIS & AIM, NO. 2 NASSAU STREET, NEW YORK BANKERS AND BROKERS. Direct telegraphic communication with the New Yoi k Stock Boartls from the Philadelphia Office. 1821 CMITH, RANDOLPH & CO.. BANKERS, PHILADELPHIA AND NEW YORK. DEALEKSIN UNITED STATES BttNDVand MEX BEKS OF STOCK AND GOLD EXCHANGE, Receive Acounta ol Bauka and Bankera on Libera Terms. ISSUE BILLS OF EXCHANGE ON C. J. BAMBRO k SON, London. B. MLTZLER, 8. bOUN & CO., Frankfort. JAMES W. TUCKER A CO., Paria. And Other Principal Cities, and Letters of Credit 1 a tf Available Throughout Europe. JOHN 8. RUSH TON & CO., No. HO SOUTH THIRD STREET. C I T W 11 It ANTS 10 5 3m BOUGHT ArD SOLI). . QITY WARRANTS BOUGHT AND SOLD. C. T. YERKES, Jr., & CO., NO. 20 SOUTH THIRD STREET, PHILADELPHIA FINANCIAL.. PACIFIC KAILWAAUOLI) LOAN. lleesra. DABNEY, MORGAN & CO., No. 63 EXCHANGE Place, and M. K. JESUP & CO., No. 12 PINE Street, New York, offer for sale the Bond of the Kansas Pacific Railway. These Bonds pay Seven Per Cent, i have thirty years to run; are Free?? ?m Government Taxation; are secured by LandOrant of Three Million Acres ol the Finest Lands in Kansas and Colo rado. In addition to this special, grant, the Company also owns Three Millions of Acres. in Kansas, which are being rapidly sold to develop the country and improve the road. They are a first mortgage upon the extension of the road from Sheridan, Kansas, to Denver, Colorado. The road in operation NOW EARNS MORE THAN ENOUGH NET INCOME TO PAY THE INTERE3T ON THE NEW LOAN. There is no better security in the market this being in some respects better than Government Securities. PRINCIPAL AND INTE REST PAYABLE IN GOLD. Price 90, and accrued Interest, in Currency. Pamphlets, Maps, and Circulars fur nished on applicatiou. We are authorized to sell th9 bonds in Philadelphia, and offer them as a relia ble investment to our friends. TOWNSEM) W11ELEX & CO., NO. 303 WALNUT STREET, 0 34 fmwrplra PHILADELPHIA. THE FIRST MORTGAGE BONDS OF UK UNION PACIFIC RAILROAD CO. INTEREST G l'Ell CENT. IN GOLD. Sinca the opening of the Pnciflo Railroad. Mar It, ita earning have been at the rats of about Kililll' MILL'OX DOI.LAhS PER YKAR. The earnings for Henbmbsr wore $762,177-43. The First Mortgage Bonds of the Oompnnr amou-it to g-28,fllf,HOO. and the intorest liability to 1,72WJ gold, or about $2,384,096 in currency. It will be notioed that the present earnings provide an ample hinj tor the paymiat of this interest and leave a large snrplus. THE LAND GRANT BONDS, To the amount of Ton Million Dollars, ware issued to ob tain means to finish the road, and are secured by a t'IKST MOKTGAOB upon the entire Land Grant of the Com pany, amounting to lli.KM.OCO acres. The sales of land wera opened In Omaha July 7, aud arerage at tha rata of $200,000 per month. TI1K LAM) GRANT BONDS ARE REORIVKD ia payment for all the Company's lands, at par, and the de mand from actual settlers will give them a oertaln market. They run twenty years and pay sevoa per oent, intorest ia ourrenoy. Although the Company hare disposed of all their bon is, yet, as they are offered in market, we continue to nil orders at the current rates. We have no hesitation in recommending both the First Mortgage and the Land Grant lionds us a yery valuable and perfectly safe invest mont. DE HAVEN & BRO., BANKKKS. 10 H niwftt No. 4 ) South THIRD Street. B ANKINQ. HOUSE or JAY COOKS & CO., Nos. 112 and 114 South THIRD Stmt. rUILADELTHIA, I'efllera In all Government Securities. Old 5-SOs Wanted In Exchange for New. A Liberal Difference allowed. Compound Interest Notea Wanted. x Interest Allowed ou Deposit. COLLECTIONS MADE. 8TOCK8 bought adaold on Commission. Bpectai business accommodations reserved fof iadiea. We will reoerre applications for Pollolea or Lire Insurance In the National Lire Insurance Company X the United States. KuU tnloroiaUon given at oat fllce. T18m- ps 8. PETERSON & CO.. Stock and Exchange Broken, NO. 89 SOUTH THIRD STREET, Members ol tne New York and Philadelphia 8 toot and Gold Hoards, STOCKS, BONDS, Etc., bought and aold en com. mission only at either city i 261 " NEW P UBL IO AT IONS. PHILOSOPHY OF M A R R I A O E. A New Oourse of Lectures, as delivered at the Maw York Aluaeum of Anatomy, embracing the autijeote How to Live, and What to Live tor; Youth, Maturity, aae Old Age; Manhood Generally Reviewed ; The Clause a Indigestion ; Flatulence aud Nervous Diseases Acoouutei 1'or: Marriage Philosophically Considered, ato. et Pocket volumes containing tueue Lectures will be fw warded, post paid, on receipt of 115 centH, by addrewing W A.LKARV.JH..B. K. corner ot VIVlil and WALNtlt bU-ceut, rmladuHiliia. jtu) - " ZX THE ADAMS EXPRESS COMPANY, O7FI0T Ne. KJO OI1KSMJT Htreet, forwards Paroela. Paak. gea. Marohauiriaa, Hank Notea, and hiiaole, eiUiar bt 114 own linoeor in oouneolion with other KapreaeOompaaiaa. to all tha priDeiiMtl towns ud allies la the United l&atea. . oolumaST Bayerialmdeaaj 1
Significant historical Pennsylvania newspapers